Haverty Furniture Companies, Inc. (NYSE:HVT) Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,269 shares of the company's stock after selling 44,565 shares during the period. Russell Investments Group Ltd. owned 0.64% of Haverty Furniture Companies worth $2,321,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HVT. KLP Kapitalforvaltning AS acquired a new position in Haverty Furniture Companies during the 4th quarter worth $56,000. Wilmington Savings Fund Society FSB bought a new position in Haverty Furniture Companies in the 3rd quarter valued at about $88,000. US Bancorp DE increased its stake in Haverty Furniture Companies by 30.9% during the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after buying an additional 1,224 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Haverty Furniture Companies by 8.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock worth $152,000 after buying an additional 548 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Haverty Furniture Companies by 20.9% in the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after acquiring an additional 1,997 shares during the period. Institutional investors own 80.57% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Haverty Furniture Companies from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th.

Haverty Furniture Companies Trading Up 0.2 %

HVT stock traded up $0.04 during trading hours on Thursday, hitting $18.06. 13,153 shares of the stock traded hands, compared to its average volume of 194,287. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $33.04. The company has a market cap of $292.50 million, a P/E ratio of 11.37, a P/E/G ratio of 1.15 and a beta of 1.36. The stock has a 50-day simple moving average of $20.27 and a 200 day simple moving average of $22.09.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The company had revenue of $184.35 million for the quarter, compared to analysts' expectations of $179.84 million. Analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.09%. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 109.40%.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.